Question

A person invests money in a bank paying compounded int semi-annually @6 percent If the person expects to receive Rs 8000 in 6 years what is the present value of the investment​

Answer 1

Answer:

MARK ME THE BRAINLIEST PLZ PLZ

Step-by-step explanation:

so

A=P(1-R/100)n

8000=P(94/100)⁶

P=8000x(94)⁶/100⁶

P=5518.95

rounded to 2 decimal

Answer 2

Answer:

5611.27

Step-by-step explanation:

Present value=Amount/(1+r)^n

PV=8000/(1+0.03)^12

=8000/1.4257

=5611.27